Hartford Healthcare Correlations

HGHSX Fund

USD 41.65 0.58 1.41%

The current 90-days correlation between The Hartford Healthcare and Towpath Technology is 0.28 (i.e., Modest diversification). The correlation of Hartford Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Hartford Healthcare Correlation With Market

Modest diversification

The correlation between The Hartford Healthcare and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Healthcare and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hartford Healthcare. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Hartford Mutual Fund

0.88	VGHAX	Vanguard Health Care	Pair Corr
0.77	VGHCX	Vanguard Health Care	Pair Corr
0.87	PRHSX	T Rowe Price	Pair Corr
0.94	THISX	T Rowe Price	Pair Corr
0.84	VHCIX	Vanguard Health Care	Pair Corr
0.99	SHISX	Blackrock Health Sciences	Pair Corr
0.95	SHSCX	Blackrock Health Sciences	Pair Corr
0.99	SHSAX	Blackrock Health Sciences	Pair Corr
0.99	SHSSX	Blackrock Health Sciences	Pair Corr
0.89	FSPHX	Health Care Portfolio	Pair Corr
0.65	VTISX	Vanguard Total Inter	Pair Corr
0.65	VTSNX	Vanguard Total Inter	Pair Corr
0.65	VTPSX	Vanguard Total Inter	Pair Corr
0.83	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.81	INTC	Intel	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.62	VZ	Verizon Communications	Pair Corr

Moving against Hartford Mutual Fund

0.76	BA	Boeing	Pair Corr
0.42	WMT	Walmart Aggressive Push	Pair Corr
0.35	MSFT	Microsoft Downward Rally	Pair Corr

Related Correlations Analysis

	TOWTX	TEPIX	GISTX	HTECX	JGLTX	BSTSX
TOWTX		0.25	0.67	0.66	0.62	0.45	TOWTX
TEPIX	0.25		0.4	0.46	0.4	0.65	TEPIX
GISTX	0.67	0.4		0.75	0.93	0.76	GISTX
HTECX	0.66	0.46	0.75		0.69	0.79	HTECX
JGLTX	0.62	0.4	0.93	0.69		0.77	JGLTX
BSTSX	0.45	0.65	0.76	0.79	0.77		BSTSX
	TOWTX	TEPIX	GISTX	HTECX	JGLTX	BSTSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Healthcare Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hartford Healthcare's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TOWTX	0.65	0.05	0.00	0.18	0.99	(0.71)	1.27	(1.21)	5.74
TEPIX	1.69	(0.17)	0.00	(0.05)	0.00	0.00	2.94	(3.72)	14.99
GISTX	1.13	0.06	0.03	0.16	1.55	(1.14)	2.26	(2.52)	7.34
HTECX	1.05	0.01	0.01	0.10	1.56	(1.01)	1.73	(2.31)	9.04
JGLTX	0.92	0.01	0.00	0.11	1.35	(0.96)	1.98	(2.61)	6.66
BSTSX	1.26	(0.02)	(0.01)	0.07	2.01	(1.25)	2.40	(2.50)	9.07

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC